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Currency Fluctuations and Their Impact on International Funds

Consider a business planning to export goods from Canada valued at 10,000 US dollars over the next three months. All price drivers must be considered in relation to the same factors in other economies, particularly the economy that your business or investment relates to and its currency. Anyone who does not live in the United […]

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Chart of Accounts: Complete Guide + Examples

Accounts are classified into assets, liabilities, capital, income, and expenses; and each is given a unique account number. A well-designed chart of accounts should separate out all the company’s most important accounts, and make it easy to figure out which transactions get recorded in which account. Liability accounts usually have the word “payable” in their

Chart of Accounts: Complete Guide + Examples Läs mer »

Chart of Accounts: Complete Guide + Examples

Accounts are classified into assets, liabilities, capital, income, and expenses; and each is given a unique account number. A well-designed chart of accounts should separate out all the company’s most important accounts, and make it easy to figure out which transactions get recorded in which account. Liability accounts usually have the word “payable” in their

Chart of Accounts: Complete Guide + Examples Läs mer »

ASC 606: How Revenue from Litigation Settlement Contracts is Recognized

This results in wasted time, mismatched records, billing complications, and even compliance violations. When looking at the importance of solid accounting, you’re really talking about looking at financial data on a regular basis. And you can’t do that if you’re not gathering and sorting it on a regular basis. An accountant who specializes in accounting

ASC 606: How Revenue from Litigation Settlement Contracts is Recognized Läs mer »